Domestic businesses were provided with more information about the Regional Comprehensive Economic Partnership (RCEP) at a conference held virtually in Hanoi on November 5.
Hanoi (VNA) – Domestic businesses were providedwith more information about the Regional Comprehensive Economic Partnership(RCEP) at a conference held virtually in Hanoi on November 5.
The event was co-hosted by the Vietnam Chamber of Commerceand Industry (VCCI) and the Central Institute for EconomicManagement (CIEM), with the support of the Aus4Reform Programme – theAustralian Embassy in Vietnam.
Speaking at the conference, Nguyen Thi Thu Trang,Director of the VCCI’s Centre for WTO and Economic Integration, cited a surveyconducted by VCCI last year unveiling that only 23 percent of Vietnameseenterprises have fairly good understanding of FTAs.
At the event (Photo: VNA)
VCCI will roll out more information providing activities tohelp local firms get an insight into the deal and guide them how to optimise itsopportunities in specific sectors, she said.
Nguyen Anh Duong , Director of the CIEM's Department forGeneral Economic Issues and Integration Studies, pointed out impacts of theagreement on Vietnam’s economy and the operation of local businesses.
On this occasion, the organizers introduced a business manual onthe RCEP complied by VCCI with the support of the Aus4Reform Programme./.
Vietnam is taking final steps and scheduled to complete the ratification of the Regional Comprehensive Economic Partnership (RCEP) by November this year.
The Republic of Korea (RoK) said on October 1 that it has submitted a bill to the National Assembly to ratify the Regional Comprehensive Economic Partnership (RCEP).
ASEAN Secretary General Dato Lim Jock Hoi has hailed regional member states for approving the Regional Comprehensive Economic Partnership (RCEP), saying that the implementation of the agreement will provide a tremendous boost to post-COVID-19 economic recovery efforts.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
Illustrative image (Photo: VNA) 
At the event (Photo: VNA) 
